Top 10 Undervalued U.S. Stocks Worth Watching in 2023

Owens Corning (OC)

A manufacturer of insulation and roofing, Owens Corning is trading below its historical average P/E ratio, appealing for long-term investors despite potential risks linked to rising interest rates affecting home construction

Bank of America (BAC)

Despite challenges from online lenders and reduced loan volume, Bank of America's support from the Federal Reserve and a low P/E ratio of 9.03 suggest it's undervalued

LyondellBasell (LYB)

A leading name in specialty chemicals, LyondellBasell is valued attractively with a P/E ratio of 8.15 and a high dividend yield, despite past volatility in fuel demand affecting its performance

3M Company (MMM)

This classic blue-chip stock is trading at a bargain due to legal liabilities linked to PFAS chemicals. However, it remains financially strong, making it an attractive option for investors with a long-time horizon

Cognizant (CTSH)

Cognizant, offering consulting and technology services, faces high employee turnover but has a strong balance sheet and a solid dividend yield, marking it as a potential turnaround story​

Macy's (M)

Despite challenges faced by retailers, Macy's is trading at a low P/E ratio and offers a substantial dividend yield, making it an attractive option for value investors​

STMicroelectronics (STM)

Trading close to its 52-week high, STMicroelectronics still appears undervalued with a low P/E ratio and a modest Price to Owner Earnings ratio, indicating potential for growth​

PayPal Holdings (PYPL)

Despite a recent correction, PayPal's forward P/E ratio and growth prospects suggest it's undervalued, suitable for investors who can handle volatility

CVR Partners LP (UAN)

A fertilizer producer, CVR Partners saw significant price increase in early 2022 due to supply uncertainty, indicating potential for continued growth in its sector​

Williams-Sonoma (WSM)

With no debt, a strong online presence, and impressive earnings growth, Williams-Sonoma's stock appears undervalued, especially considering its significant revenue growth outpacing the industry average